Cover Story 2: Lotte Chemical Titan making a comeback

Cover Story 2: Lotte Chemical Titan making a comeback
The Edge
13/5/2021
Justin Lim And Lee Weng Khuen
© Provided by The Edge
IT has been a good start to the year for Lotte Chemical Titan Holding Bhd (LCT). It posted its best quarterly profit of RM440 million since its relisting on the local bourse in July 2017.
If the growth momentum is maintained, this could be the best-performing year for the group. In fact, its financials started to pick up in the fourth quarter ended Dec 31, 2020 (4Q2020), with net profit almost doubling to RM151.16 million from RM78.77 million in 3QFY2020.
In a recent interview with The Edge during a visit to its plants in Pasir Gudang, Johor, new LCT president and CEO Park Hyun Chul says he expects a brighter outlook this year, given that the margin spread has significantly improved from last year. According to him, the margin spread between polymer and naphtha had widened more than 50% to average at US$820 a tonne in the first quarter of this year, compared with US$530 a tonne in 2020.

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